Burns Chemist Limited

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burns chemist limited Company Information

Live

MatureSmallDeclining

Company Number

05139906

Website

www.burnschemist.co.uk

Registered Address

416 green lane, ilford, essex, IG3 9JX

Industry

Dispensing chemist in specialised stores

Telephone

02085343179

Next Accounts Due

May 2025

Group Structure

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Directors

Geeta Parmar17 Years

Bharat Parmar17 Years

Shareholders

geeta parmar 50%

bharat parmar 50%

burns chemist limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of BURNS CHEMIST LIMITED at £3.3m based on Net Assets of £1.3m and 2.48x industry multiple (adjusted for liquidity).

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Burns Chemist Limited is a live company located in essex, IG3 9JX with a Companies House number of 05139906. It operates in the dispensing chemist in specialised stores sector, SIC Code 47730. Founded in May 2004, it's largest shareholder is geeta parmar with a 50% stake. Burns Chemist Limited is a mature, small sized company, Pomanda has estimated its turnover at £909.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Burns Chemist Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £909.8k, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (5.6%)

EXPORT

Burns Chemist Limited's latest turnover from August 2023 is estimated at £909.8 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Burns Chemist Limited has 7 employees and maintains cash reserves of £982.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	909,760	962,019	3,399,330	3,122,828	2,646,710	542,480	687,123	653,407	637,296	660,897	426,939	478,703	678,925	478,986	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	664,572	687,983	2,456,347	2,352,061	1,974,668	405,172	498,801	470,235	467,074	476,789	306,096	349,256	498,390	355,122	0
Gross Profit	245,188	274,036	942,983	770,767	672,042	340,119	386,910	183,172	170,222	184,107	120,844	129,446	180,535	123,864	0
Admin Expenses	198,940	199,197	863,560	628,178	641,289	208,407	210,372	74,246	43,638	94,501	23,265	24,128	15,290	-8,863	-292,450
Operating Profit	46,248	74,839	79,423	142,589	30,753	131,712	176,538	108,926	126,584	89,606	97,579	105,318	165,245	132,727	292,450
Interest Payable	0	0	0	0	0	0	298	0	0	4,875	9,750	4,875	0	0	0
Interest Receivable	49,883	8,866	0	0	2,417	5,790	0	928	1,822	1,910	1,528	1,334	1,096	738	266
Pre-Tax Profit	96,131	83,705	79,423	142,589	33,170	137,502	176,240	109,854	128,406	86,641	89,357	101,776	166,341	133,465	292,715
Tax	-24,033	-15,904	-15,090	-27,092	-6,302	-28,448	-37,274	-21,971	-25,681	-18,195	-20,552	-24,426	-43,249	-37,370	-81,960
Profit After Tax	72,098	67,801	64,333	115,497	26,868	109,054	138,966	87,883	102,725	68,446	68,805	77,350	123,092	96,095	210,755
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	72,098	67,801	64,333	115,497	26,868	109,054	138,966	87,883	102,725	68,446	68,805	77,350	123,092	96,095	210,755
Employee Costs	160,702	237,010	161,362	154,435	130,172	167,238	144,787	107,715	87,258	87,347	50,794	51,140	85,995	50,351	0
Number Of Employees	7	11	8	8	7	9	8	6	5	5	3	3	5	3	0
EBITDA*	52,137	81,550	79,423	142,589	30,753	144,084	198,094	133,050	153,704	108,714	97,579	127,532	180,949	141,883	301,770

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	358,371	363,032	374,647	382,482	389,799	395,112	407,484	422,040	439,014	393,617	399,293	336,215	300,802	262,214	263,149
Intangible Assets	5,250	5,250	0	0	0	5,250	12,250	19,250	26,250	33,250	40,250	47,250	54,250	61,250	68,250
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	363,621	368,282	374,647	382,482	389,799	400,362	419,734	441,290	465,264	426,867	439,543	383,465	355,052	323,464	331,399
Stock & work in progress	45,750	44,250	0	0	0	65,860	54,950	45,125	42,335	45,360	49,550	60,500	66,668	51,998	46,500
Trade Debtors	154,496	134,433	1,077,179	1,024,876	848,559	65,503	134,466	141,271	129,214	87,157	66,813	82,706	133,402	79,703	71,484
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	6,673	0	0	0	0	0	0	0	0	0
Cash	982,072	1,013,252	0	0	0	644,505	543,266	450,344	292,177	436,768	327,150	284,117	249,374	188,893	106,285
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,182,318	1,191,935	1,077,179	1,024,876	848,559	782,541	732,682	636,740	463,726	569,285	443,513	427,323	449,444	320,594	224,269
total assets	1,545,939	1,560,217	1,451,826	1,407,358	1,238,358	1,182,903	1,152,416	1,078,030	928,990	996,152	883,056	810,788	804,496	644,058	555,668
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	236,071	322,447	281,957	301,822	248,319	128,765	238,199	242,779	181,622	351,509	156,859	153,396	224,454	187,108	194,813
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	90,867	0	0	0	0	0	0	0	0	0
total current liabilities	236,071	322,447	281,957	301,822	248,319	219,632	238,199	242,779	181,622	351,509	156,859	153,396	224,454	187,108	194,813
loans	0	0	0	0	0	0	0	0	0	0	150,000	150,000	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	150,000	150,000	150,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	150,000	150,000	150,000	150,000	150,000
total liabilities	236,071	322,447	281,957	301,822	248,319	219,632	238,199	242,779	181,622	351,509	306,859	303,396	374,454	337,108	344,813
net assets	1,309,868	1,237,770	1,169,869	1,105,536	990,039	963,271	914,217	835,251	747,368	644,643	576,197	507,392	430,042	306,950	210,855
total shareholders funds	1,309,868	1,237,770	1,169,869	1,105,536	990,039	963,271	914,217	835,251	747,368	644,643	576,197	507,392	430,042	306,950	210,855

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	46,248	74,839	79,423	142,589	30,753	131,712	176,538	108,926	126,584	89,606	97,579	105,318	165,245	132,727	292,450
Depreciation	5,889	6,711	0	0	0	12,372	14,556	17,124	20,120	12,108	0	15,214	8,704	2,156	2,320
Amortisation	0	0	0	0	0	0	7,000	7,000	7,000	7,000	0	7,000	7,000	7,000	7,000
Tax	-24,033	-15,904	-15,090	-27,092	-6,302	-28,448	-37,274	-21,971	-25,681	-18,195	-20,552	-24,426	-43,249	-37,370	-81,960
Stock	1,500	44,250	0	0	-65,860	10,910	9,825	2,790	-3,025	-4,190	-10,950	-6,168	14,670	5,498	46,500
Debtors	20,063	-942,746	52,303	176,317	776,383	-62,290	-6,805	12,057	42,057	20,344	-15,893	-50,696	53,699	8,219	71,484
Creditors	-86,376	40,490	-19,865	53,503	119,554	-109,434	-4,580	61,157	-169,887	194,650	3,463	-71,058	37,346	-7,705	194,813
Accruals and Deferred Income	0	0	0	0	-90,867	90,867	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-79,835	1,004,632	-7,835	-7,317	-657,385	148,449	153,220	157,389	-80,896	269,015	107,333	88,912	106,677	83,091	296,639
Investing Activities
capital expenditure	-1,228	-346	7,835	7,317	10,563	7,000	0	-150	-65,517	-6,432	-56,078	-50,627	-47,292	-1,221	-340,719
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,228	-346	7,835	7,317	10,563	7,000	0	-150	-65,517	-6,432	-56,078	-50,627	-47,292	-1,221	-340,719
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	-150,000	0	150,000	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-150,000	0	0	150,000
share issue	0	100	0	0	-100	-60,000	-60,000	0	0	0	0	0	0	0	100
interest	49,883	8,866	0	0	2,417	5,790	-298	928	1,822	-2,965	-8,222	-3,541	1,096	738	266
cash flow from financing	49,883	8,966	0	0	2,317	-54,210	-60,298	928	1,822	-152,965	-8,222	-3,541	1,096	738	150,366
cash and cash equivalents
cash	-31,180	1,013,252	0	0	-644,505	101,239	92,922	158,167	-144,591	109,618	43,033	34,743	60,481	82,608	106,285
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-31,180	1,013,252	0	0	-644,505	101,239	92,922	158,167	-144,591	109,618	43,033	34,743	60,481	82,608	106,285

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BURNS CHEMIST LIMITED group structure

Burns Chemist Limited has no subsidiary companies.

Ultimate parent company

BURNS CHEMIST LIMITED

05139906

BURNS CHEMIST LIMITED Shareholders

geeta parmar	50%
bharat parmar	50%

Burns Chemist Limited currently has 2 directors. The longest serving directors include Mrs Geeta Parmar (Sep 2007) and Mr Bharat Parmar (Sep 2007).

officer	country	age	start	end	role
Mrs Geeta Parmar	United Kingdom	56 years	Sep 2007	-	Director
Mr Bharat Parmar		58 years	Sep 2007	-	Director

P&L

August 2023

turnover

909.8k

-5%

operating profit

46.2k

gross margin

27%

-5.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

August 2023

net assets

1.3m

+0.06%

total assets

1.5m

-0.01%

cash

982.1k

-0.03%

net assets

Total assets minus all liabilities

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company number

05139906

Type

Private limited with Share Capital

industry

47730 - Dispensing chemist in specialised stores

incorporation date

May 2004

ultimate parent company

None

previous names

N/A

address

416 green lane, ilford, essex, IG3 9JX

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

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burns chemist limited Company Information

burns chemist limited Estimated Valuation

burns chemist limited Estimated Valuation

burns chemist limited Estimated Valuation

Burns Chemist Limited Overview

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BURNS CHEMIST LIMITED financials

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burns chemist limited Ownership

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